Retail

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.

(source: en.wikipedia.org)

Mastercard Debuts AI-Powered ‘Muse’ to Offer Shoppers Inspiration
Mastercard Debuts AI-Powered ‘Muse’ to Offer Shoppers Inspiration
November 30, 2023  |  Retail

Mastercard has introduced a generative artificial intelligence (AI) tool that acts as a personal assistant for shoppers. Rolled out by the company’s Dynamic Yield unit, Shopping Muse arrives at a...

READ MORE >
Decreased Consumer Savings Mean Holiday Spending Cutbacks
Decreased Consumer Savings Mean Holiday Spending Cutbacks
November 30, 2023  |  Consumer Finance

Despite positive Black Friday numbers, where consumers stretched their budgets to do some shopping, data suggests that the rest of the holiday shopping season may be...

READ MORE >
Retailers Adopt ‘Returnless’ Policies to Cut Costs and Boost Satisfaction
Retailers Adopt ‘Returnless’ Policies to Cut Costs and Boost Satisfaction
November 30, 2023  |  Retail

Retailers are increasingly adopting “keep it” or “returnless” policies for unwanted products. The adoption of these policies is a response to the rising costs associated...

READ MORE >
Lack of Split-Pay Option May Cost Merchants 22% of Customers
Lack of Split-Pay Option May Cost Merchants 22% of Customers
November 30, 2023  |  Payment Methods

Merchants can maximize their competitiveness by offering split-pay options — and should do so if they don’t want to lose potential sales or want to...

READ MORE >
The Year That Led to Farfetch’s Earnings Call No-Show 
The Year That Led to Farfetch’s Earnings Call No-Show 
November 30, 2023  |  Retail

After a year filled with surprising developments, Farfetch appears to be continuing its trend of unexpected moves. The online luxury retailer revealed this week that...

READ MORE >
Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales
Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales
November 29, 2023  |  Retail

Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun. The company has been finding “new, disruptive products at extreme...

READ MORE >
Family Dollar Sales Challenged Amid ‘Notable’ Spending Pullback
Family Dollar Sales Challenged Amid ‘Notable’ Spending Pullback
November 29, 2023  |  Earnings

Family Dollar’s parent company is evaluating the chain following a decline in spending among lower-income shoppers. Dollar Tree CEO Rick Dreiling made that announcement Wednesday (Nov. 29) after the company’s...

READ MORE >
Foot Locker: Sales Bump Shows Personalized Retail a Good Fit
Foot Locker: Sales Bump Shows Personalized Retail a Good Fit
November 29, 2023  |  Retail

Foot Locker saw strong financial results over Thanksgiving weekend, and the sneaker and sportswear retailer decided to make a quick pivot in its full-year forecast,...

READ MORE >
Richemont Has No Plan to Invest in Luxury Brand Farfetch
Richemont Has No Plan to Invest in Luxury Brand Farfetch
November 29, 2023  |  Retail

Cartier owner Richemont reportedly has no intention of investing in luxury retailer Farfetch. The company made that announcement Wednesday (Nov. 29) following the news that Farfetch could be...

READ MORE >